reported P 18,000 of net income for 2013, P 24,000 for 2014 and P 26,000 for 2015. The percentage change in net income from 2014 to 2015 was:
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A company reported P 18,000 of net income for 2013, P 24,000 for 2014 and P 26,000 for 2015. The percentage change in net income from 2014 to 2015 was:
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- During 2014, Canton Company's assets increased $97,500 and their liabilities decreased $37,300. Canton Company's stockholders' equity on December 31, 2014 was $231,500. What amount was stockholders' equity at January 1, 2014?Pohio Corp. reported total assets of $500000, $400000, $370000 in the year 2016, 2015 and 2014 respectively. If 2015 is the base year, what is the percentage change for 2016? 45% 25% 35% 15%Strong construction company earned $439,000 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm’s total earnings were $842,180 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1 ,2016?
- Net income was $364,000 in 2017 and $418,600 in 2018. The year- to-year percent change in net income is: Group of answer choices 15%. 13%. $54,600. 87%.The balance sheet for the company at December 31, 2015, indicated that total assets were $173,000, total liabilities were $61,000, and Common Stock had a balance of $72,000. At December 31, 2016, assets had increased by $40,000 and there had been no change in the amount of Common Stock. Additional information for 2016 included the following: Revenues $143,000 Expenses 88,000 Dividends 9,000 What were the total liabilities on December 31, 2016? Answer pleaserOn December 31, 2016, Cantor Company reported Total Assets of $20,000 and Total equity of $15,000. In 2017, the company’s Total Assets went up $5,000 and liabilties went up $3000. Revenue was 80,000 and expenses were 70,000. Dividends paid were 6,000. Determine the company’s balance of owners equity for 2017.
- The following data were taken from the financial statements of Howard Corporation for the year ended December 31, 2014: Net sales .................................................... $120,000Net income ..................................................... 30,000Total assets, January 1, 2014 ..................... 400,000Total assets, December 31, 2014 .............. 600,000 What was Howard's rate of return on assets for 2014? Group of answer choices 6 percent 20 percent 5 percent 24 percentHeedy Company had the following account balances in 2016 and 2017, respectively. Assuming dividends of $20,000 were paid in 2017, how much was net income? 2017 2016Capital Stock $ 42,000 $ 40,000Retained Earnings x 210,000Total Stockholders' Equity $ 314,000 $ 250,000Revenue and expense data for Soldner Inc. are as follows: 2014 2013 Sales $1,500,000 $1,450,000 Cost of goodssold 930,000 812,000 Selling expenses 210,000 261,000 Administrative expenses 255,000 232,000 Income tax expense 52,500 72,500 a. Prepare an income statement in comparative form, stating each item for both 2014 and 2013 as a percent of sales. Round to one decimal place. b. Comment on the significant changes disclosed by the comparative income statement.
- ena Company has provided the following data (ignore income taxes): 2014 revenues were $76,000. 2014 expenses were $48,500. Dividends declared and paid during 2014 totaled $7,600. Total assets at December 31, 2014 were $184,000. Total liabilities at December 31, 2014 were $103,000. Common stock at December 31, 2014 was $26,000. Which of the following is correct?In 2015, ABC Corporation’s net income was ₱800,000 and in 2016 it was ₱200,000. What percentage increase in net income must ABC achieve in 2017 to offset the 2016 decline in net income?You are given the following information about Sandhill Plumbing Company. Revenues in 2017 totaled $ 917, depreciation expenses $ 85, costs of goods sold $ 399, and interest expenses $ 62. At the end of the year, current assets were $ 150 and current liabilities were $ 111. The company has an average tax rate of 34 percent. Calculate its net income by setting up an income statement. (Round answers to 2 decimal places, e.g. 15.25) Sandhill Plumbing CompanyIncome Statementchoose the accounting period Amount select an income statement item $ enter a dollar amount select an income statement item enter a dollar amount select a summarizing line for the first part $ enter a total amount for the first part select an income statement item enter a dollar amount select a summarizing line for the second part $ enter a total amount for the second part select an income statement item enter a dollar amount select a summarizing line for the…
